Oxygen, a DeFi prime brokerage service constructed on Solana and powered by Serum’s on-chain infrastructure, introduced as we speak it has signed a strategic settlement below which Kudelski Safety, a division of the Kudelski Group in Switzerland, will present safety evaluation and structure assist for the platform.
Quickly, Kudelski will conduct a sequence of critiques and audits of Oxygen’s performance and interfaces. In the meantime, Kudelski could have an ongoing collaboration with Oxygen to evaluate future enhancements, adjustments, or additions to Oxygen’s protocol.
“Establishments and particular person traders have a proper to anticipate that they’ll belief the standard, reliability, and stability of the Oxygen ecosystem. For Oxygen, this partnership offers transparency, promotes absolute confidence that the protocol does exactly what it guarantees and demonstrates its safety; all primarily based on a radical evaluation by a number one international knowledgeable in cybersecurity.”
– Viktor Mangazeev, Co-Founding father of Oxygen
Most significantly, the Kudelski Safety staff will carry out a supply code evaluation, structure evaluate, and structure verification of the Oxygen.org finance system.
Firstly, particular consideration will probably be centered on the contracts mechanism, finance logic, yields, borrowing, lending, and leverage mechanisms, in addition to different associated funds security issues
Furthermore, verification analyses will verify that formulation, cryptographic/mathematic, and so forth. within the software program faithfully implement the desired intent of the protocol. Testing can even embody a dynamic examination of key monetary threat situations comparable to edge conditions, liquidity occasions, and extra.
“I’m very excited to be working with Oxygen on this sequence of engagements. You will need to present strategic management in selling cybersecurity. Comparable conventional companies have years of audits and exams; and the rising ecosystems should put their finest foot ahead to construct the belief of customers and environmental companions.”
– Scott Carlson, Head of Blockchain Safety for Kudelski Safety
Oxygen is constructed on the rising and liquid Serum ecosystem; which leverages an on-chain orderbook to match debtors and lenders to supply honest charges. Presently, Solana processes as much as 50,000 transactions per second. Every transaction prices simply $0.00001, and Solana plans to additional scale these capabilities.